The National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI) for May showed that 300 out of 351 metro areas have observed year-over-year economic gains. The LMI averages current unemployment rates, home price appreciation and single-family permits to gauge economic health on a national and metropolitan level. Nationwide, the index economic score was .88 meaning that the nation is at 88% of “normal economic and housing activity.”
Fifty-nine of the metros have either fully returned to or exceeded their normal economic levels. Among the 59 metros were Pocatello, Idaho, whose economic score reached 1.11, and Lewiston, Idaho, whose economic score was close behind at 1.10. While not fully returned to their normal economic levels, the economic scores for Boise, Idaho (0.90) and Coeur d’Alene, Idaho (0.95) both outpaced the national score. Idaho Falls, Idaho’s economic score came just below the national score at 0.85.
To read the full press release and view the LMI data in Excel format, visit http://bit.ly/1nteyDq.